Welcome to our dedicated page for Figs news (Ticker: FIGS), a resource for investors and traders seeking the latest updates and insights on Figs stock.
FIGS, Inc. (NYSE: FIGS) is a founder-led, direct-to-consumer healthcare apparel and lifestyle brand, and its news flow reflects both its financial performance and its focus on the healthcare community. The company regularly issues earnings press releases detailing net revenues, scrubwear and non-scrubwear performance, U.S. and international net revenues, margins, adjusted EBITDA and key operating metrics such as active customers and average order value.
Investors following FIGS news can see quarterly updates where the company discusses factors affecting results, including product mix, promotional activity, tariffs, fulfillment costs and return rates. These releases often include full-year outlooks for net revenues growth versus the prior year and adjusted EBITDA margin, along with explanations of the non-GAAP measures used.
Beyond financial results, FIGS news highlights brand and community initiatives. Recent announcements include participation in investor conferences, a multi-year partnership with the United States Olympic & Paralympic Committee to outfit the Team USA Medical Team at Olympic and Paralympic Games, and special projects that honor healthcare workers in cultural settings such as major awards shows.
Readers of the FIGS news page can expect updates on quarterly earnings releases and conference calls, participation in industry and investor events, and campaigns that showcase the company’s engagement with healthcare professionals in the U.S. and internationally. This mix of financial and brand-related news provides context for how FIGS manages its direct-to-consumer model, international reach and positioning as a healthcare apparel and lifestyle brand.
FIGS, Inc. (NYSE: FIGS) has established a Healthcare Advisory Board comprised of seven distinguished healthcare professionals. This initiative aims to enhance the company's engagement with the healthcare community, impacting product development, messaging, and community-building efforts. Co-CEOs Heather Hasson and Trina Spear emphasized the commitment to understanding healthcare professionals' needs for a transformative approach. The board includes experts from various fields, promising to bolster FIGS' mission to support and elevate the healthcare profession.
FIGS, Inc. (NYSE: FIGS) has appointed three new independent directors to its Board of Directors, effective April 1, 2022. A.G. Lafley, Ken Lin, and Jeffrey Wilke bring extensive experience in public company leadership, technology, and operations. Lafley previously served as CEO of Procter & Gamble, Lin is the founder of Credit Karma, and Wilke held key leadership roles at Amazon. Co-CEO Heather Hasson expressed confidence in their ability to help FIGS capitalize on growth opportunities in the healthcare apparel market.
Summary not available.
FIGS, Inc. reported a record net revenue of $420 million for 2021, marking a 60% increase year-over-year. In Q4 2021, the company achieved net revenues of $128.7 million, up 42.7%. However, the gross margin decreased to 69.9%. The net income for the full year was a loss of $9.6 million, impacted by stock-based compensation related to its IPO. Active customers grew by 46% to 1.9 million, with an outlook for 2022 net revenues between $550-$560 million.
FIGS, Inc. (NYSE: FIGS) will release its fourth quarter and full year 2021 results on March 8, 2022, after U.S. markets close. A conference call will follow at 2:00 p.m. PT to discuss financial results and outlook. A shareholder letter detailing the results will be published on the investor relations website. Shareholders can submit questions via the Say Q&A platform starting March 1, 2022. The Q&A will close on March 7, 2022. For more information, visit ir.wearfigs.com.
FIGS, Inc. (NYSE: FIGS) announced preliminary and unaudited results for Q4 and full year 2021, reporting net revenues of $128 million for Q4, a 42% increase from Q4 2020, and $419 million for the full year, up 59% year-over-year. Active customers grew by 46% to 1.9 million. The average order value rose to $113. The company aims for over $1 billion in annual net revenues by 2025, with a gross margin of at least 70% and adjusted EBITDA margin of over 20%. These results highlight FIGS’ growth trajectory in the healthcare apparel market.
Summary not available.
FIGS, Inc. (NYSE: FIGS) announced its participation in a fireside chat at the 24th Annual ICR Conference on January 10, 2022, at 2:00 PM EST. The Co-CEOs, Heather Hasson and Trina Spear, along with CFO Daniella Turenshine, will engage in this discussion. The chat will be accessible via live webcast and will be archived for 90 days. FIGS is known for its direct-to-consumer healthcare apparel brand that focuses on providing comfort, durability, and style to healthcare professionals through its digital platform.
FIGS, Inc. (NYSE: FIGS) announced the retirement of CFO Jeffrey Lawrence, effective December 24, 2021. Daniella Turenshine, previously Senior VP of Finance and Strategy, will succeed him. Under her leadership, FIGS has achieved significant revenue growth and profitability. Lawrence praised the company’s IPO success and expressed confidence in Turenshine’s capabilities. Both executives highlighted a commitment to the healthcare community and the company’s future growth. The transition reflects FIGS' strategic direction as it continues to innovate in the healthcare apparel sector.
FIGS, Inc. (NYSE: FIGS) reported its third-quarter 2021 financial results, raising its full-year revenue outlook to $410 million, up from $395 million. The company continues to focus on providing advanced healthcare apparel to professionals through its direct-to-consumer model. A conference call is scheduled for November 10, 2021, at 2:00 p.m. PT to discuss these results and the business outlook.